Aceto Corporation Announces New Corporate Governance Initiative to Manage the Company More Efficiently.LAKE SUCCESS, N.Y. -- Aceto Corporation (Nasdaq:ACET ACET AIDS Care Education and Training ACET Advisory Council for the Elimination of Tuberculosis (CDC) ACET Association for Compensatory Educators of Texas ACET Advisory Committee on Electronics and Telecommunications ), a global distributor of chemically-derived pharmaceuticals, biopharmaceuticals, specialty chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. and agrochemicals, today announced that its Board of Directors instituted a new corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. initiative in order to manage the Company more efficiently. After evaluating corporate governance for smaller corporations such as Aceto, versus larger corporations that generally have larger Boards, Aceto's Board concluded that the needs of smaller companies often differ significantly from those of larger corporations. As a result, to improve the efficiency of the Company, the functions of the Board's Executive Committee have been assumed by a majority of the Board's independent directors. Going forward, compensation and nominating issues will be recommended by a majority of the Company's independent directors to the Board for determination by the Board. The Board has also appointed a lead independent director and a lead compensation director; both of whom are independent under Nasdaq and SEC rules. The Board will continue to maintain its audit committee consisting of three independent directors as required by Nasdaq and the SEC. Leonard S Leon·ard , Ray Charles Known as "Sugar Ray." Born 1956. American boxer who won the 1976 Olympic light welterweight title. He held five world titles as both a welterweight and middleweight between 1979 and 1987. Noun 1. . Schwartz Schwartz is a Canadian spices brand. It is also a common surname and may refer to:
As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with all relevant Nasdaq and SEC regulations, and we believe it is an excellent model for smaller corporations." ABOUT ACETO Aceto Corporation, which was incorporated in 1947, is a global leader in the distribution and marketing of biopharmaceuticals, chemically-derived pharmaceuticals, specialty chemicals and agrochemicals used principally as raw materials in the agricultural, color, pharmaceutical, surface coating/ink and general chemical consuming industries. With offices in 10 countries, Aceto Corporation distributes over 1,000 chemicals in these and other fields. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion